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Spate of job cuts continues unabated at Big Tech, media firms

Photo of Big Tech
Amazon workers line up outside tents in the parking lot outside Amazon’s LDJ5 sortation center, as employees begin voting to unionize a second warehouse in the Staten Island borough of New York City, U.S. April 25, 2022. (REUTERS/Brendan McDermid/File Photo)

New rules of Big Tech continue to define employment roles

Staff Reports | REUTERS

Big Tech and media companies in the United States continue to announce fresh job cuts, a sign that the spate of layoffs seen in 2023 could persist as firms grapple with economic uncertainty.

Here are some of the job cuts announced by tech and media companies.

Jan. 18 – The Buy with Prime unit laying off less than 5% of its employees.
Jan. 11 – Audiobook and podcast division Audible laying off 5% of its workforce, according to a memo from the head of the division.
Jan. 10 – Amazon set to lay off several hundred employees in its streaming and studio operations, extending job cuts into 2024.
Jan. 9 – Streaming unit Twitch to cut 35% of its staff, or about 500 workers, as reported by Bloomberg News.

Jan. 22 – X Lab, Alphabet’s division for developing new technology, laying off dozens of workers and turning to outside investors for funding.
Jan. 16 – Google, part of Alphabet, laying off hundreds of employees in its advertising sales team.
Jan. 11 – Google laying off hundreds of people across teams, including the hardware team responsible for Pixel, Nest and Fitbit, and the majority of those in the augmented reality team.

Jan. 30 – Comcast-owned British media group Sky plans to cut about 1,000 jobs across its businesses this year, a source familiar with the development told Reuters, as it transitions to internet-based services from traditional satellite ones.

Feb. 5 – Snap plans to cut around 528 jobs, or 10% of its global workforce.

Jan. 26 – Salesforce laying off about 700 employees, roughly 1% of its global workforce, according to the Wall Street Journal.

Jan. 25 – Microsoft set to lay off 1,900 employees at Activision Blizzard and Xbox.

Jan. 25 – Paramount Global plans an unspecified number of layoffs, aims to become a leaner organization.

Jan. 25 – Business Insider plans to lay off around 8% of its staff, according to CEO Barbara Peng.
Jan. 24 – IBM plans to lay off some employees in 2024, but will hire more for AI-centered roles, making it likely it will end the year with its headcount unchanged.

Jan. 24 – Autonomous vehicle technology company Aurora Innovation said it had cut 3% of its workforce as part of a reorganization exercise.
Jan. 23 – eBay plans to cut about 1,000 roles, or around 9% of its current workforce.

Jan. 23 – The Los Angeles Times plans to lay off 94 journalists who are members of the newspaper’s union.

Jan. 11 – Pixar Animation Studios, part of Walt Disney, set to cut jobs after completing production on some shows and having more staff than needed.

Jan. 8 – Videogame software provider Unity Software plans to lay off approximately 25% of its workforce, to cut around 1,800 jobs.

Editor’s Note: Reporting by Zaheer Kachwala, Harshita Mary Varghese and Priyanka.G in Bengaluru; Editing by Pooja Desai and Shinjini Ganguli

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